The Chief Secretary to the President and Cabinet, Dr Misheck Sibanda and a high-powered delegation comprising South Korean investors and financiers based in Washington DC in the United States have signed a memorandum of understanding on the framework agreement on financing infrastructure development projects for Zimbabwe.
The signing ceremony held at the Munhumutapa boardroom in Harare on Tuesday morning saw the representatives of global trade finance company, Natrabank-based in Angola and the Rosenthal appending signatures to the agreement which will see the companies working together in various projects that are meant to promote Zimbabwe’s economy through the ZIM ASSET and the 10-point plan.
The agreement should see the implementation of infrastructure projects in the areas of agribusiness, manufacturing, mining, energy, transport, water as well as modern cities and urban development.
One of the visiting companies said it will soon establish a bank in the country to finance the development projects.
The delegation is being hosted by the government of Zimbabwe through the facilitation of Zimbabwe’s ambassador to Washington DC Cde Amon Mutembwa.
Zimbabwe has been on a mission to rebuild its economy through the ZIM ASSET programme in order to rebuild its economy following several years of existence under illegal sanctions.